Reuters - Ditching BHF Bid May Incur Charges

RHJ International, the Belgian-based owner of British private bank Kleinwort Benson, said that a bid to get it to abandon the purchase of Germany's BHF-Bank would expose it to potential charges, writes Reuters. At the end of May, a group of hedge funds representing 4 percent of RHJI's share capital asked the firm to give its more than 200 million euros ($259.20 million) in free cash back to shareholders and abandon its bid for Deutsche Bank's BHF-Bank unit.

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